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A Glimpse of the Future of High-Tech in Shenzhen, China
Last September, I spent a wonderful week in Shenzhen, China where ThoughtWorks has just opened a new office. That city is making exhilarating progress in everything from Internet of Things to next-generation retail technology and maker spaces.
Here are 10 observations from my visit:
Source: ThoughtWorks
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Why the Pearl River Delta has a bright future
In December, Beijing convened the Central Urban Work Conference for the first time in 37 years. During the years since the previous meeting, the city cluster in the Pearl River Delta region has witnessed tremendous growth.
In 1978, there were 3 cities and 32 towns in the region, but by 2014 the numbers grew to 16 cities and more than 320 towns. The urbanization rate of the region has surged to 84.12 percent from 26.56 percent during the period, equivalent to an annualized growth rate of 1.6 percent.
The city cluster in Pearl River Delta region has posted urbanization rate more than double that of the nation’s average in the period. It has become the “engine” of economic and social development in Guangdong province or even for the whole South China region.
However, rapid growth model based on traditional industrialization has led to various issues, such as traffic congestion, pollution, ecological degradation, slow industrial upgrade, loss of traditional culture and lagging public services.
Source：Ejinsight
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Shenzhen is the new mecca of aerial vehicles
SHENZHEN, China - DJI, the market leader in easy-to-fly drones, is the pride of locals on mainland China.
With a variety of unmanned aerial vehicles flying over the company on a recent visit, DJI’s headquarters was not difficult to find.
As the hub of the firm’s development, most areas in the building were restricted. “About 70 percent of 1,500 workers at the headquarters are engineers and researchers,” Moon Tae-hyun, a manager at DJI’s Korea Department said.
There is a sign in front of the CEO’s office located in 21st floor saying “Only the brain can enter, keep out the emotion.” The sign reflects DJI CEO Wang Tao’s principles. “Technology is what is most important.”
Source: Korea JoongAng Daily
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Shenzhen Energy issues USD 152m of solar ABS
January 25（SeeNews）- China-based firm Shenzhen Energy Group Co Ltd（SHE:000027）last Thursday raised some CNY 1 billion（USD 152m/EUR 141m）via the sale of solar asset-backed securities（ABS）, local media reported.
This is the first securities issuance in the country, which will be backed by revenue from the operation of photovoltaic（PV）plants. Subsidiary Shenzhen Energy Nanjing Energy Holding Co will pay an annual coupon of between 3.6% and 4.5%.
According to the reports, the issuer aims to boost its installed PV capacity to over 1,000 MW from the 163 MW it currently owns and operates.
BOC International（China）Ltd and Bank of China Ltd served as underwriter and arranger of the placement, respectively. The securities, for which Shenzhen Energy Group acts as guarantor, have different maturities of up to five years.
Source: SeeNews
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